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Business Today 16-Jun-19

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

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26 Numéros


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for your attention, mr pm

AS THE NEW GOVERNMENT takes charge, the economic issues it needs to tackle are pretty clear. In the past six months, a number of worrying signals have been apparent. First, agricultural and rural distress have been growing despite many steps the first Modi government took in order to fix the problems. The announcement of higher Minimum Support Price (MSP) and the focus on rural infrastructure does not seem to have helped increase real rural incomes by much. Given that this year, the monsoon predictions are not particularly heartening, the rural distress is expected to increase. The PM Kisan scheme announced in the Budget helps a bit, but to solve the problem of stagnating rural and agricultural incomes, the government needs to think of other solutions as well. Second, throughout the first…

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business today

http://www.businesstoday.in Editor-in-Chief: Aroon Purie Group Editorial Director: Raj Chengappa Editor: Prosenjit Datta Group Creative Editor: Nilanjan Das Group Photo Editor: Bandeep Singh Executive Editor: Anand Adhikari Deputy Editor: Naveen Kumar (Money Today) SPECIAL PROJECTS AND EVENTS Senior Editor: Anup Jayaram CORRESPONDENTS Senior Editors: P.B. Jayakumar, Nevin John, Goutam Das, Ajita Shashidhar, Joe C. Mathew, E. Kumar Sharma, Anilesh Mahajan Senior Associate Editors: Dipak Mondal, Manu Kaushik, Sumant Banerji Associate Editor: Nidhi Singal Assistant Editor: Sonal Khetarpal, Rukmini Rao, Renu Yadav (Money Today) RESEARCH Principal Research Analysts: Niti Kiran, Shivani Sharma COPY DESK Senior Editor: Mahesh Jagota Senior Associate Editor: Kaveri Nandan Associate Editor: Sanghamitra Mandal Chief Copy Editor: Gadadhar Padhy Copy Editor: Aprajita Sharma Senior Sub Editor: Devika Singh PHOTOGRAPHY Photo Editor: Reuben Singh Deputy Chief Photographers: Shekhar Ghosh, Rachit Goswami Senior Photo Researcher: Sudhansh Sharma ART Assistant Creative Editor: Safia Zahid Deputy Art Director: Amit Sharma Associate Art Director: Ajay Thakuri Assistant Art Director: Raj Verma Designer: Rajesh Singh Adhikari PRODUCTION Chief of Production:…

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STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India BT Buzz: Data Localisation-Datacentre Service Providers See Gold The thrust to ensure that companies maintain data locally will increase the cost of doing business and compliance obligations for MNCs businesstoday.in/data-localisation BT Buzz: Consumer Companies Are Bracing Themselves for the Worst After witnessing a robust quarter-on-quarter growth post the rollout of goods and services tax (GST), the slowdown has come as a surprise to most consumer companies businesstoday.in/consumption-slowdown PERSPECTIVES How SBI Hopes to Topple Market Leader in Credit Card Business With Ola Tie-up Currently, with over 82 lakh credit cards, SBI is the second largest in the market and this tie-up is a move to augment its co-branded portfolios businesstoday.in/sbi-ola.tieup Financial Services Agenda for Next 5 Years: Consolidation, Recapitalisation and More The banking industry is cleaning up the balance sheets. But the NBFC sector, which had supported…

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weak sentiment

THE DUST ON political uncertainty has settled as Prime Minister Narendra Modi is set for a second term. However, the elections, coupled with slowing consumption trends in rural markets, are bothering consumption-oriented sectors, weighing heavily on fourth quarter results. The last quarter of financial year 2018/19 is turning out to be a damp squib with close to 500 BSE comapnies registering a three-quarter low top-line growth amid poor demand, tough global macro environment and liquidity crunch. In the fourth quarter of FY19, the year-on-year (y-o-y) net sales growth for the sample of 488 BSE-listed companies was 10 per cent, the slowest in the last three quarters. Excluding BFSI firms, the volume growth comes to just 7.6 per cent. Marred with slow revenue growth, bottom-line numbers were a disappointment, too. Operating profits of…

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price hike likely

IN AN ELECTION bounty, Indian consumers have had an easy time during 2019 as far as petrol and diesel prices are concerned. Now that the election party is over, brace yourself for a hike in prices. The reasons are clear. At the end of December 2018, the India crude basket was at its lowest – $57.77 per barrel – during the last fiscal. By April, it had risen 23 per cent to $71 a barrel. Starting January 1 till May 24, petrol prices in Mumbai rose a mere 3.63 per cent from ₹74.30 to ₹77 a litre. Diesel prices, on the other hand, rose 6.20 per cent during the period. Things could get worse as far as crude prices are concerned since the supply of cheaper Iranian crude has stopped after…

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l&t within striking distance

THE SECURITIES & Exchange Board of India threw a spanner in the works of an imminent takeover of Mindtree by Larsen & Toubro by raising queries on the intended deal which led to L&T not carrying out an open offer on the original date – May 14. Meanwhile, L&T has been able to mop up shares from the market, becoming the single largest shareholder in the company with over 26.5 per cent stake in Mindtree. This move gains significance as it provides L&T enough ammunition to seek a board seat and block any resolution that Mindtree could move to change the capital structure or allocation of funds. While the fresh date for the open offer is yet to be announced, the earlier announcement of a 200 per cent dividend by…